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CTBC Bank sells loan assets to State Bank of India

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CTBC Bank sells loan assets to State Bank of India

CTBC Financial Holding Co. Ltd. unit CTBC Bank Co. Ltd. sold ¥429.42 million and HK$78 million worth of performing loan assets.

The Taiwanese lender sold the assets to State Bank of India, according to a March 5 filing.

As of March 5, US$1 was equivalent to ¥105.89.